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Hdfcbankshort

Huge selling in HDFC. How to trade it tomorrow.One side fall in the stock has impacted the indices too. HDFC bank, is heavy weight in index, fell 140 point or 8.5% created a sell off. It took a retest of 200 ema and has closed below both the averages. It may give another red candle tomorrow. There stock has closed around a support zone and chance of testing 1500 levels are high. Short position can be created below 1535 levels and targets can be trailed if the market remain in red. Support levels:- 1505, 1470-80 The results are not that bad to make the stock fell so much. Some long term investors can accumulate some quantity. Wait for a price action and enter only confirm trades.
NSE:HDFCBANK
by Mambotrade
2
HDFC Bank forming flag and pole pattern.HDFC Bank has been halting on the higher levels and is consolidating in a 3% range. The stock has been forming a flag and pole pattern on weekly time frame. The stock has closed near the resistance zone and is trading above the 20 DMA. Banknifty has been forming new highs and HDFC has the high percentage in the index. Trade can be carried in this stock for either side. Bullish Target :- 1710 Bearish Target :- 1540 Stop loss should be less than 5-7 points. Wait for the price to crosses and close outside the consolidation zone i.e. 1592-1638. Swing, intraday and positional trade can be carried in this stock.
NSE:HDFCBANK
by Mambotrade
HDFCBANK Head and Shoulders on WeeklyHDFCBANK has formed Head & Shoulders pattern on the weekly chart and is breaking down from its trendline at 1250 zone. Breakdown from here can take the price all the way to measured move target of 990-1000. Note that 200WMA may also act as support at this 1250 zone and we may see the price halting here, hence 1250 is a crucial support zone for the stock. If held, price can retrace back to previous highs as well. Watch out for break of 1250 for a medium-term fall in price.
NSE:HDFCBANKShort
by vipulmehta817
2
HDFC BANK - Taking good support🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:HDFCBANKLong
by PrakWorld_Traders
2
Intraday Trade Logic in HDFCBANK on 13 Dec 2021Intraday Trade Logic in HDFCBANK on 13 Dec 2021 While watching out chart pattern in daily basis or hourly basis i got 2 position to trade :- Buying short Selling After Watching out Feb 2 ,24 , March 4 ,9 candles i got Buying level i.e 1538 , As the price is sustaining the above level it was giving good RR wise proit But As today market opened below the level (1538) i tried to watch if any i get S.S opportuniy and i got it Similary , As if the price was sustained above 1538 we get good upmove wise versa if price below it good get downward good move. watching out March 31 , Jul 8 , Aug 18 , Nov 22 , 24 , Dec 3 , 9 i got Entry Point i.e :- 1536 SL :- 1538 Target 1520.05 Expected Target : between 1509-1505.15 Logic Behind Trailing Stoploss :- If we watch Dec 10 th opening Candle purely it's been rejected from our expected levels Trade Executaion:- 5 min TF:- Today Market opend below the levels . opeing candle formed with good volume At 10:10 to 10-20 it was seen that candle is not sustaining the above levels but trade must be taken after double confirmation that's my thought process.lol watch out volume of the 10:45 candle that sustained above 1536 is less than the previous candle Now, i got double confirmation for shorting at 10:55 candle which has more sellers volume so took the entry after the candle close i.e at 11 AM candle Exited at 1509 Check out RR Ratio IF YOU LIKE THE LOGICS PLEASE DO LIKE ...THANKING YOU .
NSE:HDFCBANKShort
by Yash_Kulkarni
Simple Trade Setup | HDFCBANK | 13-12-2021 [ INTRADAY ]NSE:HDFCBANK Observations: 1) On 1day time frame, it is between 10DMA and 21DMA. On Friday, it closed just below 21DMA. 10DMA is placed at 1517.15 level and 21DMA is placed at 1524.43 level. If it trades above 1525 level then it will work as support. Otherwise immediate support range will be 1515-1517 level. Please refer below chart : 1day Time Frame. 2) On 15min time frame, we can see that it is forming kind of rounding bottom or mostly cup and handle pattern. But still major breakout level is 1560 level. If it gives sustainable breakout of 1560 level then we can see good up-move. But breakout of this parallel channel will surely take it to 1560 level range. Please refer below chart : 15 min Time Frame. But for recent pattern, we can see that it has been trading in uptrend parallel channel. And it is currently as base support. Please refer below chart : 15 min Time Frame. ------------------------------------- Trade Setup for Date: 13-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:HDFCBANK
by Trading_hawk
HDFC Bank Seems like Head& Shoulders Pattern(Bearish)If 1560 level Breaks then HDFC bank will fall up to Support level 1530 We cam keep it as 1st TGT & fail to take Support @ 1530 then the 2nd TGT is 1490. >Support will Become Resistance and Resistance will become Support once the level Breaks. *Always Enter With good confirmation & Maintain proper Risk Reward. **********Educational/information purpose only ********** >> Visit My Ideas Page for Daily Stock Analysis, Follow for Live Updates. <<
NSE:HDFCBANK
by Ravitejasreevatsav
2
Levels for - 14 Oct 2021EXPLANATION : This is a 45 min time frame chart of HDFCBANK , It has been in a consolidate for day and has formed an Ascending triangle pattern . If give a strong breakout and broke its supply zone with high volumes and retest the same , I am bullish on HDFCBANK . If give a strong breakdown and broke its trendline support with high volumes and retest the same , I am bearish on HDFCBANK . If you like the analysis give a Like // Follow for more updates , let me know in comments below :)
NSE:HDFCBANK
by pranav_nanavare